Jump to content
Join the Unexplained Mysteries community today! It's free and setting up an account only takes a moment.
- Sign In or Create Account -

UK trade volumes suffer record five-year decline (FT)


pellinore

Recommended Posts

Posted (edited)

Even the dimmest Brexiter politician should have realised that if you put up barriers to trade, trade will fall in volume. Less trade means less money for the exchequer, less profits for businesses, and less to spend on public services. 

The UK goods trade has suffered its steepest five-year fall on record, highlighting how Brexit has reduced flows both into and out of Britain, say economists.

The volume of UK goods imports and exports was 7.4 per cent smaller in 2023 than in 2018, the largest five-year decline in goods trade since comparable records began in 1997, according to FT calculations of data published by the Office for National Statistics on Friday.

The ONS reported that the volume of imports fell 7.4 per cent compared with 2022 and was down 3.8 per cent compared with 2018.

Meanwhile, exports fell 4.6 per cent year on year, with substantial drops in exports to both EU and non-EU countries. Over five years, export volumes fell 12.4 per cent.

UK trade volumes suffer record five-year decline (archive.ph)

Edited by pellinore
  • Like 1
Link to comment
Share on other sites

 
Posted (edited)

Meanwhile, in the real world outside of the Remoaners perpetual version of doom and gloom, British car manufacturing output grew 21% in January year in year, to 82,997 units, the fifth straight month in a row of growth. Export volumes were also up 11.6%, whilst production for the UK market surged by 64.5%.

(Note: The bulk of production was for export (75.8%), with the EU the largest market for British-built cars, taking more than half (53.2%) of exports, proof once again that Leave voters were right, we don't actually "need" to be in the EU/Single Market in order to be able to sell to the EU).

Shhh. Don't tell pellinore. 🤫👇👇👇👇

https://www.themanufacturer.com/articles/uk-car-makers-accelerate-in-january/

Edited by Destination Unknown
  • Like 2
Link to comment
Share on other sites

On 3/3/2024 at 2:24 PM, pellinore said:

Even the dimmest Brexiter politician should have realised that if you put up barriers to trade, trade will fall in volume. Less trade means less money for the exchequer, less profits for businesses, and less to spend on public services. 

The UK goods trade has suffered its steepest five-year fall on record, highlighting how Brexit has reduced flows both into and out of Britain, say economists.

The volume of UK goods imports and exports was 7.4 per cent smaller in 2023 than in 2018, the largest five-year decline in goods trade since comparable records began in 1997, according to FT calculations of data published by the Office for National Statistics on Friday.

The ONS reported that the volume of imports fell 7.4 per cent compared with 2022 and was down 3.8 per cent compared with 2018.

Meanwhile, exports fell 4.6 per cent year on year, with substantial drops in exports to both EU and non-EU countries. Over five years, export volumes fell 12.4 per cent.

UK trade volumes suffer record five-year decline (archive.ph)

Well the EU is suffering with recession in the largest contributor to the crazy ideological bloc ie: Germany. They are suffering. No wonder trade volumes dropped, the EU can't afford to buy from the UK and nor can they afford raw materials to make anything. 

  • Like 1
Link to comment
Share on other sites

On 3/3/2024 at 2:58 PM, Destination Unknown said:

Meanwhile, in the real world outside of the Remoaners perpetual version of doom and gloom, British car manufacturing output grew 21% in January year in year, to 82,997 units, the fifth straight month in a row of growth. Export volumes were also up 11.6%, whilst production for the UK market surged by 64.5%.

(Note: The bulk of production was for export (75.8%), with the EU the largest market for British-built cars, taking more than half (53.2%) of exports, proof once again that Leave voters were right, we don't actually "need" to be in the EU/Single Market in order to be able to sell to the EU).

Shhh. Don't tell pellinore. 🤫👇👇👇👇

https://www.themanufacturer.com/articles/uk-car-makers-accelerate-in-january/

Excellent that our car industry is doing well. Trade per volume in goods generally is down, though, very considerably.

Link to comment
Share on other sites

13 minutes ago, pellinore said:

Excellent that our car industry is doing well. Trade per volume in goods generally is down, though, very considerably.

The EU is the largest market for British-built cars, proof once again that Leave voters were right, we don't actually "need" to be in the EU/Single Market in order to be able to sell to the EU.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.